GEORGE WASHINGTON SAVINGS BANK Failed 2010
What happened
GEORGE WASHINGTON SAVINGS BANK of ORLAND PARK, IL was closed on 2010-02-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRSTMERIT BANK, NATIONAL ASSOCIATION (AKRON, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3751
- FDIC Certificate
- 29952
- FDIC FIN
- 10184
- Bank name
- GEORGE WASHINGTON SAVINGS BANK
- Location
- ORLAND PARK, IL
- Failure date
- 2010-02-19
- FDIC resolution date
- 2010-02-19
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $119M
- Deposits at failure
- $395M
- Assets at failure
- $414M
- Acquiring bank
- FIRSTMERIT BANK, NATIONAL ASSOCIATION (AKRON, OH)
Other banks FIRSTMERIT BANK, NATIONAL ASSOCIATION acquired in FDIC resolutions